The Crypto universe accepts the rules of the market

• Tense calm on the edge of Crypto in front of the permanent vision of the abyss.

• Constant changes are seen at the front of a rapidly losing market.

• The SEC is putting order in a market that will eventually thank him.

Playing with the limits is always risky, but it is in these situations where theaters, pockets and cemeteries are filled.

The Crypto market as a whole is on the cable and has no security that will not end up hitting the ground. The main players in the Crypto sector are close to long-term support levels. There is no room for jokes, and the environment holds its breath at every price pirouette.

However, what do we observe if we open the spotlight?

We see the SEC open the door to the ICOs that comply with the regulations. In addition, the SEC itself is responsible for the fine and closes the Hedge Funds focused on Cryptos and Broker-Dealers without a license.

We also receive reports of the dismissal of a good part of the staff in several projects, including Bitmain in its Israeli office, dedicated to the mining sector or to the intermediaries of the sector.

However, we also see how the largest encrypted exchange in the world in terms of volume, Binance, opens up its Institutional Investments department. At the same time, American Express celebrates the adoption of Ripple as a transactional gateway and how initiatives are born across the planet that in one way or in another legitimize technology and cryptocurrencies.

We are experiencing a process of purge, transition and adaptation. As in any technological revolution, the initial euphoria must give way to a process of natural selection that leaves only the best projects on the market.

I do not know how long this situation may last, but I am sure that it will eventually enter a much more solid, credible and above all profitable phase.

Do you want to know more about my technical configuration?

BTC / USD daily range.

The BTC / USD is currently trading at $ 3,400 price level after trying unsuccessfully to restore the file $ 3,500 level.

It is at this price level that the BTC / USD touches a long-term trend line that has stopped the bearish movement. It is a bearish trend line generated in the days of historical highs (see chart).

Below the current price, the first support for the BTC / USD pair is al $ 3,250 price level (price congestion support). The second level of support is a $ 3,200 (long-term bearish trend line). The third level of support a $ 2,885 (support of price congestion) would bring the price below this trend line and would probably speed up the decline again.

Above the current price, the first resistance for the BTC / USD pair is at the price level of $ 3,930 (resistance to price congestion). The second level of resistance is a $ 4,400 (resistance to price congestion). Above this price level, we already find the EMA50 at the price level of $ 4,800.

I would not end the bearish momentum until it will exceed BTC / USD $ 5.500.

The MACD on the daily chart shows a very flat and slightly bullish profile. It moves at very negative levels and this affects everything. The model offers some possibilities for an upward price movement.

The DMI on the daily chart shows how the Bulls continue to increase activity levels by the end of November. On the other hand, the Bears do not give much potential to maintain their positions and are also gradually reducing them.

Daily range XRP / USD.

The XRP / USD is currently trading at $ 0.304 Price level. It is a little above the relative minimum level marked on Friday at $ 0.2897 but without recovering the close resistance to $ 0.32.

Below the current price, the first support is al $ 0.297 price level (price congestion support). A close in the daily range below this level of support could bring the quotation of the Ripple currency to the new annual lows. The second level of support is $ 0.2725 (support for price congestion). The third level of support is at annual lows at the price level of $ 0.2595 (support for price congestion).

Above the current price, the first resistance is at the price level of $ 0.323 (resistance to price congestion). The second level of resistance is a $ 0.346 (resistance to price congestion). The third level of resistance is a $ 0.370 (resistance to price congestion) and is just below the bullish change level of $ 0.39.

The MACD on the daily chart shows a very flat profile and is suitable for a bullish cross of the lines. These lines move through very negative levels of the indicator so that a bullish cross is more likely for lateral price development than for price increases.

The DMI in the daily chart shows us the Bulls with little confidence in the current moment. Their profile is decreasing but very reactive to any bullish impulse of a certain magnitude. For their part, the Bears have been at the same levels of activity for weeks and continue to hope to see lower prices in the next sessions.

Daily ETH / USD chart.

ETH / USD is currently trading at $ 91.05 price level after failing recovery at $ 95 level in the last four days. ETH / BTC continues to flirt with a positive movement of Ethereum against Bitcoin, and this affects the behavior of the ETH / USD pair.

Under the current price, the first level of support is a $ 81.57 (support for price congestion). The second level of support is a $ 70 (support for price congestion). The third level of support is a $ 53 (support for price congestion).

Above the current price, the first resistance level is a $ 95 (resistance to price congestion). Beyond this price, two bullish hops await ETH / USD. The second resistance is a $ 124 (resistance to price congestion). The third level of resistance is a $ 148.51 (Exponential moving average of 50 periods).

The MACD on the daily chart shows a slightly raised cross. Positive inclination is also weak. The lines move at very negative levels of the caliber, so the current structure is more favorable to one side than any attempt at the top.

The DMI on the daily chart shows us the Bulls at annual minimum levels with some chance of recovery that has quickly lost strength. Meanwhile, the Bears remain at high levels of activity and are still confident in seeing lower prices.

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